Sanford C. Bernstein Lowers Canadian Pacific Kansas City (NYSE:CP) Price Target to $91.25

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price target cut by equities researchers at Sanford C. Bernstein from $91.98 to $91.25 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a “market perform” rating on the transportation company’s stock. Sanford C. Bernstein’s price target indicates a potential upside of 14.11% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the company. Jefferies Financial Group cut their price target on Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Stifel Nicolaus lifted their price target on Canadian Pacific Kansas City from $82.00 to $83.00 and gave the company a “hold” rating in a report on Wednesday, July 17th. Barclays raised their price objective on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an “overweight” rating in a research note on Wednesday, September 25th. Evercore ISI raised their price objective on shares of Canadian Pacific Kansas City from $89.00 to $91.00 and gave the company an “outperform” rating in a research note on Wednesday, September 25th. Finally, Scotiabank upgraded shares of Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday, July 10th. Nine analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $97.96.

Canadian Pacific Kansas City Stock Performance

NYSE CP traded down $0.64 during trading hours on Wednesday, reaching $79.97. The company’s stock had a trading volume of 1,369,228 shares, compared to its average volume of 2,105,893. The company has a current ratio of 0.51, a quick ratio of 0.44 and a debt-to-equity ratio of 0.42. The business has a 50-day simple moving average of $82.45 and a 200 day simple moving average of $82.00. Canadian Pacific Kansas City has a 52 week low of $68.92 and a 52 week high of $91.58. The stock has a market cap of $74.62 billion, a PE ratio of 25.63, a PEG ratio of 2.43 and a beta of 0.96.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Tuesday, July 30th. The transportation company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.31. The company had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.58 billion. Canadian Pacific Kansas City had a return on equity of 8.77% and a net margin of 24.45%. The business’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 earnings per share. Equities research analysts predict that Canadian Pacific Kansas City will post 3.1 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Canadian Pacific Kansas City

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. LRI Investments LLC purchased a new position in Canadian Pacific Kansas City during the 1st quarter worth approximately $32,000. Chris Bulman Inc purchased a new position in Canadian Pacific Kansas City during the 2nd quarter worth approximately $35,000. ORG Partners LLC purchased a new position in Canadian Pacific Kansas City during the 2nd quarter worth approximately $39,000. Tobam purchased a new position in Canadian Pacific Kansas City during the 1st quarter worth approximately $51,000. Finally, Ashton Thomas Private Wealth LLC purchased a new position in Canadian Pacific Kansas City during the 2nd quarter worth approximately $61,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Company Profile

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.